Turkish Airlines record 27% increase

Turkish Airlines announce profit
Turkish Airlines announce profit

Turkish Airlines’ recently announced the 2013 consolidated financial statements. The results as compared to 2012 revealed that sales revenue increased by 27% in 2013, reaching a total of TRY 18.8 billion.

Operating profit stood at TRY 1.24 billion, implying a 9% increase, TRY 683 m net profit was recorded. Indicating its cash generation capability, EBITDAR increased by 28% to TRY 3 bn. EBITDAR margin maintained at 18%, in line with its long term target EBITDAR level.

In 2013, 48.3 m passengers were carried implying a 23.6% increase from 39 m passengers in 2012. The airline increased its’ market share to 12.8% within European carriers. In addition, passenger load factor increased by 1.4 points, bringing it to 79% in 2013.

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